Short term insurance  can become an expensive part of your monthly budget. On one hand it offers peace of mind in cases of emergency, for example: a burst geyser, the theft of a car, a break-in resulting in the loss of some or all of your valuables. On the other hand, paying for too much insurance, or for insurance you don’t need, is a waste of money.

Essentially you need to combine financial peace of mind with the correct cover. The most common forms of personal insurance are protection of household goods, personal liability cover and vehicle insurance.

Ever thought what would happen if your car got stolen, hijacked, damaged, or your house burgled, flooded during a storm etc?  We all hope (and some believe) it won't happen to us, but reality is:  it does happen!  Usually when we least expect it and cannot afford the loss.

A short term insurance policy provide cover against loss, damage, liabilities and more.  You pay a premium (either monthly or annually) to an insurance company who in return provides the cover to compensate you when you suffer a loss on insured items.

The insurance company determine your premium based on your risk profile (age, gender, where you live, security measures, item insured, value of the item, claims history of the insured etc.)

High risk = high premium and low risk = reduced premium.

Short term insurance policies consist of the following sections:

-  Household Contents

-  Houseowner's Insurance

-  All Risks Insurance

-  Vehicle Section

-  Watercraft

-  Personal Liability

-  Personal Accident

The policy wording should be analyzed in conjunction with the policy schedule to determine cover, excesses, extensions, conditions and exclusions.

For a complete personal needs analysis and financial planning assistance, contact one of our Financial Planners or adviser.

For an immediate quote or comparison contact us on 011 326 0955